Property Description

The Court occupies a prominent position at the junction of Main Street and Liffey Street in the heart of Newbridge, Co. Kildare. Main Street forms the town's principal commercial and retail thorough fare, benefiting from strong pedestrian footfall and a diverse mix of national and independent occupiers.

The Court is a prominent three-storey mixed-use investment property comprising retail, office, and residential accommodation in a prime town centre location.

The property is situated approximately 500 metres east of Whitewater Shopping Centre, one of the Midlands’ leading retail destinations, anchored by major retailers including Penneys, Boots and JD Sports. Nearby occupiers within the immediate vicinity include Bradburys Coffee Shop, Bord Na Mona’s new Head Quarters which is currently under construction and the recently redeveloped Cedral St Conleth’s GAA Stadium, cafés, bars, restaurants and a range of professional service providers, reinforcing the strength of the town centre trading environment.

The commercial element of the property includes four ground floor retail units and two second-floor office suites extending to a total floor area of approximately 829 sq m (8,922 sq ft)

Key Features Include:

- Excellent opportunity to acquire a prominent town centre commercial investment
- The asset comprises 4 x ground floor retail units and 2 x second floor offices
- Extending to approximately 829 sq m (8,922 sq ft)
- 1 x office unit is currently vacant
- Passing rent €122,480 p.a.
- Attractive (WAULT) to lease expiry of 6.7 years
- Mixed use scheme of banking, retail and office accommodation
- Producing €122,480 per annum reflecting a Net Initial Yield of approximately 8.25%, assuming standard purchaser costs of 9.96%

The property is underpinned by a strong tenant mix comprising Permanent TSB, Midland Office Supplies, Multi Buy Retail Store, and PJ Beirne & Associates (Accountants), delivering a secure and diversified rental income profile.

There is currently one vacant office suite, presenting purchasers with an excellent opportunity to enhance rental income through the letting of the available space and further asset management initiatives.

BER Details

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: 7 days ago